UTI Asset Management Company is planning to come out with an initial public offer by selling 60 per cent of its holding to the public, its chairman M Damodaran said in Kolkata on Monday.Damodaran......
Unit Trust of India Chairman M Damodaran will take over as the chairman and managing director of UTI Asset Management Company (P) Ltd on February 1, following the formal bifurcation of the fund......
Shares of asset management companies (AMCs) have rallied in the last 3-4 sessions due to clarity on regulatory changes in total expense ratios (TER) and expectations that it won’t upset......
P Jayendra Nayak, a former bureaucrat, moved to UTI Bank as a director in 1999. Today, the bank under his leadership has grown the business to around Rs 1,02,000 crore (Rs 1,020 billion) and has a......
Given gains in equity prices, it is not surprising that the earnings of asset management companies (AMCs) are growing quicker. Illustration: Dominic Xavier/Rediff.com The earnings momentum looks......